Company Valuation: Supalai

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 44,223 47,459 36,327 35,546 32,070 30,778 - -
Change - 7.32% -23.46% -2.15% -9.78% -4.03% - -
Enterprise Value (EV) 1 62,487 47,459 58,780 64,609 66,269 63,130 63,302 63,626
Change - -24.05% 23.85% 9.92% 2.57% -4.74% 0.27% 0.51%
P/E 6.25x 5.8x 6.06x 5.74x 8.13x 7.11x 6.78x 6.19x
PBR 1.05x - 0.72x 0.67x 0.6x 0.55x 0.53x 0.51x
PEG - 0.4x -0.2x 1.76x -0.2x 0.78x 1.41x 0.65x
Capitalization / Revenue 1.52x 1.38x 1.17x 1.14x 1.33x 1.21x 1.19x 1.12x
EV / Revenue 2.14x 1.38x 1.89x 2.07x 2.75x 2.49x 2.44x 2.32x
EV / EBITDA 7.4x 4.99x 7.96x 8.43x 14.2x 11.9x 11.5x 10.7x
EV / EBIT 7.51x 5.06x 8.11x 8.66x 14.8x 13.3x 12.7x 11.6x
EV / FCF 15.9x - -227x -69.5x 93.1x 10.8x 17.1x 13.8x
FCF Yield 6.28% - -0.44% -1.44% 1.07% 9.22% 5.84% 7.26%
Dividend per Share 2 1 - 1.45 1.35 1.4 1.271 1.277 1.376
Rate of return 4.41% - 7.8% 7.42% 8.24% 7.84% 7.88% 8.5%
EPS 2 3.63 4.19 3.07 3.17 2.09 2.28 2.389 2.617
Distribution rate 27.5% - 47.2% 42.6% 67% 55.7% 53.5% 52.6%
Net sales 1 29,160 34,486 31,177 31,194 24,124 25,378 25,908 27,366
EBITDA 1 8,444 9,514 7,386 7,665 4,680 5,301 5,528 5,927
EBIT 1 8,321 9,387 7,249 7,462 4,467 4,740 4,992 5,499
Net income 1 7,070 8,173 5,989 6,190 4,015 4,438 4,646 5,066
Net Debt 1 18,264 - 22,453 29,064 34,200 32,352 32,524 32,848
Reference price 2 22.70 24.30 18.60 18.20 17.00 16.20 16.20 16.20
Nbr of stocks (in thousands) 1,948,141 1,953,054 1,953,054 1,953,054 1,886,454 1,899,871 - -
Announcement Date 2/22/22 2/21/23 2/20/24 2/25/25 2/25/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.09x2.48x11.9x7.92% 920M
14.04x4.55x12.24x3.61% 39.96B
5.84x0.8x1.69x8.47% 28.4B
18.17x3.99x16.04x1.35% 28.4B
7.75x1.41x7.76x4.56% 25.9B
13.91x3.09x14.8x2.51% 26B
8.18x0.91x3.3x2.73% 20.93B
10.25x2.01x8.28x4.1% 20.6B
13.28x6.44x16.95x1.64% 19.28B
37.17x13.66x34.38x3.19% 17.94B
Average 13.57x 3.93x 12.73x 4.01% 22.83B
Weighted average by Cap. 13.65x 3.80x 12.14x 3.7%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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